Real Estate Auction OWNER RETIRING! SUCCESSFUL BOWLING ALLEY AND REAL ESTATE BEING OFFERED FOR SALE BY AUCTION! 3.4+-ACRES ZONED HIGHWAY COMMERCIAL! Bids Submitted by WEDNESDAY, OCTOBER 18, 2017 by 3:00 PM NELLIE FOX BOWLING ALLEY 3587 MOLLY PITCHER HWY CHAMBERSBURG, PA 17202 CALL FOR APPOINTMENT TO PREVIEW!
October 5, 2017 Dear Prospective Buyer, Hurley Auctions is pleased to have been chosen to offer you this property. Please take this opportunity to inspect the property today. For your convenience, I've enclosed the following information: General Information Aerial Tax Map View Deeds Plat Inventory Photos Sealed Bid Form How to Buy Real Estate at Auction Methods of Payment Financing Available If you have any questions after reviewing this report, please don't hesitate to call me at any time. We are looking forward to receiving your bid by Wednesday, October 18, 2017. Sincerely, Matthew S. Hurley Auctioneer and Appraiser DISCLAIMER & ABSENCE OF WARRANTIES All information contained in this brochure & all related materials are subject to the terms & conditions outlined in the purchase agreement. Information contained in advertisements, information packet, estimated acreages, and marked boundaries are based upon the best information available to Hurley Auctions at the time of preparation & may not depict exact information on the property. Each potential buyer is responsible for conducting his/her own independent inspection, investigations, and inquiries concerning the real estate. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by seller or the Auction Company.
General Information Terms: $10,000 in certified funds day of auction. Balance due in 45 days of sale (See Payment & Financing page for detailed info.) Bidding will be conducted by a sealed bid auction (form attached hereto); Bids are due @ Hurley Auctions located at 2800 Buchanan Trail East, Greencastle, Pennsylvania by 3PM on October 18, 2017 or at Nellie Fox Bowling Alley between 1 and 3 PM. Announcements made on the day of sale take precedence over all printed material. (See Payment & Financing page for detailed info.) Closing Location: As agreed upon by the buyer and seller. Buyer possession: Buyer will have immediate possession upon closing. Showing Dates: By Appointment Only GREAT INVESTMENT OPPORTUNITY! SUCCESSFUL BUSINESS & REAL ESTATE ON 3.4+-ACRES ZONED HIGHWAY COMMERICAL Here s your chance to own a successful business! Owner retiring after 30+ years in business! This Bowling alley has been in business since 1956 when famous White Sox baseball player, Nellie Fox, opened its doors! This rare sale includes a 27,000 sq. ft. building w/new rubber roof (replaced March 2017), Pro-shop w/all remaining inventory & equipment, a fully equipped commercial kitchen, snack bar w/seating for 24, all furniture, fixtures, 190+balls, 250+ pairs of shoes, & 3 sets of pins. Bowling alley features 20 AMF HPL Synthetic lanes w/ AMF AccuScore scoring systems, AMF 8270 Pinsetters, 2 sets of restrooms, 175 lockers, & 13 security cameras inside & out! Established arcade for additional income. Business has established daily leagues & hosts numerous events for schools, non-profit, & youth organizations Property has approximately 3.42+-Acres & zoned Highway Commercial Paved parking lot for 120+cars. Convenient, centrally located, & easily accessible location Pinsetters AMF 8270 Weekly League Schedule Monday Tuesday Wednesday Thursday Friday Saturday Nellie Fox Men Letterkenny Ladies Inter-city Men Thursday Men TGIF Mixed Junior Leagues Building: Constructed approximately 1956; 130x208 27,040 square foot Lot Size: Approximately 3.42+- acres Location: Guilford Township, Franklin County, PA
Zoning: Call Guilford Township: 717-264-0077 Taxes: 2 Parcels: Tax ID: 10-D13-17A $12,285.00 Tax ID: 10-D13-17B $105.00 Utilities: Water: Public Sewer: Septic Heat: Fuel Oil Furnace (double walled tank replaced 2015) Cooling: 2 large roof Air Conditioners School District: Chambersburg Area School District Local Hospital: Summit Health, Chambersburg; Waynesboro Hospital, Waynesboro; Meritus, Hagerstown
Aerial Tax Map View
Deed
Deed
Plat
Inventory Bowling Alley: 20 AMF HPL Synthetic lanes w/ AMF AccuScore scoring systems Pinsetters AMF 8270 Seating for 123 Bar Height tables w/seats (18) 2 Sets AMF Bowling Pins 250+ pairs of shoes 190+ Balls w/ 17 ball racks Kustodion Lane Cleaner valued at approximately $21,000-12 years old-recently refurbished w/new parts Conqueror Pro valued at approximately $25,000--computer system specific to the bowling industry-- controls lanes, league averages, & more! Snack Bar & Kitchen: Booth seating for 24 Grill Commerical double door freezer and cooler Ice Machine 2 Sandwich prep bars Grill w/hood Deep fryer Shelving Paper products-current inventory approximately $200 Food current inventory approximately $400 Soda current inventory approximately $540 $200.00 cash on hand Pro-Shop Haus Resurfacer Revivor Ball Oven by Innovative Bowling Innovative Drill Press Approximately 15 new bowling balls & shoes Miscellanous items (gloves, bags, tape, etc) wholesale value approximately $1,500- retail value approximately $4,000
Office/Desk Area: 2 Desks 2 Filing Cabinets 1 Computer Additional Items: 13 security cameras inside & out 175 lockers Spare maintenance parts valued at approximately $25,000 $1,250 Cash on hand for register Notes: Arcade machines and soda coolers are not owned by bowling alley. They are owned and maintained by an outside company. Arcade provides additional income for bowling alley (approximatley $2,500 annually)
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SEALED BID FORM CONDITIONS OF PUBLIC SALE OF REAL ESTATE AND BUSINESS ASSETS The following are the terms and conditions of the offering for sale of the real estate and business assets situate at: NELLIE FOX BOWLING ALLEY: 3587 MOLLY PITCHER HIGHWAY, CHAMBERSBURG, PA 17202 1. Bidder shall submit this three page sealed bid ( Sealed Bid ), in compliance with the terms of sale for the Real Estate and Business Assets, to the offices of Hurley Auctions, 2800 Buchanan Trail East, Greencastle, PA 17225, no later than 3:00 o clock, PM-E.S.T. prevailing time, on Wednesday, October 18, 2017 (the Deadline ). Bids can also be submitted between 1:00 PM and 3:00 PM at Nellie Fox Bowling Alley. Bids must be actually received no later than the Deadline. Each Bid must be accompanied by $10,000.00 in certified check payable to Hurley Auctions Co., Inc. (the Deposit ). Any Deposit made by a bidder who is not awarded the contract to purchase the Real Estate and Business Assets shall be returned to such bidder. 2. Following the review of the Bids, Seller may award the contract to the highest bidder. Seller expressly reserves the right (i) to sell the real estate and business assets at a live, outcry auction among the five (5) highest bidders, to be held within seven (7) days of the review of the Bids at the offices of Hurley Auctions, 2800 Buchanan Trail East, Greencastle, PA 17225, or (ii) to withdraw the Real Estate and Business Assets from sale and to reject any and all Bids, and to sell the Real Estate and Business Assets publicly or privately at a subsequent bid offering and/or private or public sale. If Seller elects to sell the real estate and business assets at a live, out-cry auction among the five (5) highest bidders, such bidders will be notified of the date and time of same. 3. Settlement shall be made no later than 45 days following the award of the contract to the highest bidder, at a time and place mutually agreed upon between the parties. 4. At Settlement, Seller will execute and deliver to the successful Bidder a good and sufficient deed conveying the premises in fee simple, free of all liens and encumbrances with a special warranty of title, excepting any building and use restrictions appearing in the chain of title or which are enumerated or referred to below and any easements of record or which may be visible by inspection of the premises. 5. Real estate transfer taxes for the current year shall be pro-rated between the parties as of the date of settlement. Seller and the successful Bidder will share equally the realty transfer taxes payable on the amount of the purchase price. 6. The Bidder expressly acknowledges and understands that the Bidder is buying the property and business assets in their present condition and that the Seller makes no representation or warranty of any kind whatsoever with regard to the condition of the premises or any components thereof, including, but not limited to, the roof, the electrical system, the
plumbing system, the heating system, or any other part of the structure, or any of the improvements on the land, or any business assets. 7. Bidder expressly acknowledges and understands that they are buying the Real Estate and Business Assets in its present condition and that Seller makes no representation or warranty of any kind whatsoever. The Real Estate is being sold As Is at the time of the sale and settlement. The Purchaser accepts the property As Is. The purchaser waives any claims for the liability imposed through any environmental actions. This agreement shall survive closing. 8. Bidder is responsible for obtaining financing, if any, and this contract is in no way contingent upon the availability of financing. Seller will not pay points, settlement costs, or otherwise render financial assistance to the Bidder in this regard. 9. If the successful Bidder fails to comply with the terms of sale, Bidder shall forfeit the $10,000.00 Deposit and the Additional Deposit as liquidated damages, and the sale may be rescinded at the option of Seller and in such case the Real Estate and Business Assets may be resold at any time without further notice. Any increase in price on resale shall belong to Seller in addition to the retained hand money.
The undersigned Bidder offers to purchase the Real Estate and Business Assets situate at NELLIE FOX BOWLING ALLEY: 3587 MOLLY PITCHER HIGHWAY, CHAMBERSBURG, PA 17202 for the gross purchase price of $. (Bidder to fill in price.) Based upon the above terms and conditions of this sale, the undersigned hereby offers to purchase the Real Estate and Business Assets for the purchase price and terms set forth in the above paragraphs, and submits herewith the Deposit, and further agrees to deliver the Additional Deposit in accordance with the terms hereof if the undersigned is awarded the contract to purchase the Real Estate and Business Assets. The undersigned bidder has printed its names and address below, and has signed this offer to purchase, to wit: Dated:, 2017 Signature of Bidder: Print Name Signature of Bidder: Print Name Address of Bidder: PHONE Address of Bidder: PHONE Acceptance of offer by Sellers: Seller hereby accepts the bid of the above Bidder in the amount of $ (to be completed by Seller following award of bid) and agrees to sell the Real Estate and Business Assets to the Bidder on the terms set forth above. Dated:, 2017 Signature of Seller Print Name PHONE Dated:, 2017 Signature of Seller Print Name PHONE
How to Buy Real Estate at Auction Buying at a Hurley auction is easy and fun. We are dedicated to providing the best possible experience for our buyers. Do your homework! Inspect the property and review the information packet. We want you to be comfortable and confident about your purchase. What does the term Reserve mean? Under a reserve auction the auctioneer will submit the highest and best bid to the seller. The seller has the right to accept or reject that bid. What does the term Absolute mean? In as absolute auction, the property will be sold to the last and highest bidder regardless of price. Do I need to pre-qualify? No. We normally do not require any pre-qualification to bid. However, if you intend to obtain bank financing, the bank will require you to qualify for their loan. The deposit you make on auction day is not contingent upon financing. Financing information can be found on the last page of this packet. You will need a down payment as described in the general information section. Gather all available information and determine what the property is worth to you. The auction will begin promptly at the scheduled time. You should arrive at least 30 minutes early to register with our cashier. You will need your driver s license or another form of photo ID. Listen carefully to all announcements made the day of the auction. Please ask any questions you may have. When the auction actually begins, the auctioneer will ask for bids. He will say numbers until someone in the crowd agrees to offer the amount asked for. For example, the auctioneer may ask for $100,000 and he may need to come down to $75,000 until somebody agrees to bid. At this point the action begins and the bidding begins to go up. The auctioneer will call out the next bid he is looking for. If you are willing to pay that amount simply raise your hand. There may be several people bidding at first so don t be shy, raise your hand. If you feel the auctioneer doesn t see you, don t be afraid to wave your hand or call out. Eventually everyone will drop out but one bidder. At this point, if the property reaches an amount approved by the seller, the property will be sold to the high bidder. If it doesn t reach a price acceptable by the seller, the high bidder may then negotiate with the seller. If you are the winning bidder, you will then be declared the purchaser and will be directed how to finalize the sale by signing the sales agreement and paying the required down payment. It is the Buyer s responsibility to schedule the settlement with the desired settlement company. If you need assistance in locating one near you please contact us. Easy as 1,2,3!!!!!!!!!!. Purchasing at auction is fun & dynamic. Enjoy the experience. If you have additional questions about auctions, please contact Hurley Auctions at 717-597-9100.
Acceptable Methods of Payment Each Real Estate Auction requires that a non-refundable down payment be made at the time the property is struck down. The following methods are the only methods of payment accepted by Hurley Auction Co. Inc. unless otherwise approved by Hurley Auctions: 1) Cash 2) Certified or Cashier s Check payable to Hurley Auctions. 3) Personal check accompanied by a Bank Letter of Guarantee (see sample below). Letter must read as follows and must be signed by an officer of the bank. Letter of Guarantee Date: (Date of letter) To: Hurley Auctions 2800 Buchanan Trail East Greencastle, PA 17225 Re: (Customer requesting Letter of Credit) This letter will serve as your notification that (Name of Financial Institution) will honor/guarantee payment of any check(s) written by (Customer), up to the amount of ($ X,XXX.XX). Drawn on account # (Customer s account number). This guarantee will apply only to the Hurley Auctions for purchases made (Date of Sale) only. NO STOP PAYMENTS WILL BE ISSUED. If further information is required, please feel free to contact this office. Sincerely, Name of Officer Title Bank & Location Office Phone #
Real Estate Auction Financing Purchasing a home at auction has never been easier. In fact, each year real estate auctions become more and more popular. The following financial institutions/mortgage companies are familiar with the auction process and have representatives available to pre-qualify and assist you in all your real estate auction financing needs.
Real Estate Settlements The following settlement companies are familiar with the auction process and have representatives available to assist you in all your real estate auction settlement needs.
Real Estate Settlements It s Not Just a Settlement It s an Experience! Our Mission is to provide outstanding and unparalleled service at a fair and reasonable price. Olde Towne Title has created an experience that cannot be found anywhere else! Olde Towne Title is conveniently located in Washington and Frederick Counties in order to serve our customers in Maryland and Pennsylvania. We are dedicated to providing service the Olde Fashioned Way. We are an owneroperated company, not a franchise office. Therefore, 100% of our time and attention is concentrated on you, the local community. Where you have your settlement is your choice Choose a Team of Professionals who have your best interest at heart Choose Olde Towne Title. Washington County 1025 Mt. Aetna Rd, Hagerstown, MD 21740 301-739-1222 Hagerstown@ottrocks.com Frederick County 5900 Frederick Crossing La., Frederick, MD 21704 301-695-1880 Frederick@ottrocks.com
W W W. H U R L E Y A U C T I O N S. C O M Thank you for inquiring about our services. We appreciate your interest in our company and the auction method of marketing. ABOUT OUR COMPANY Hurley Auctions is a full service, full time Auction Company with a well-trained staff ready to assist you in obtaining your sales goals. We are recognized as leaders in the auction industry, having successfully conducted hundreds of real estate and personal property auctions annually. OUR MISSION Hurley Auctions mission is to provide the highest possible auction and appraisal services available. We do this through honesty, integrity, professionalism, and hard work. We are committed to treating each client with the utmost respect. We handle each auction professionally and to the best of our ability. Our success is measured by the ultimate satisfaction of all those whom we serve. Headquarters 2800 Buchanan Trail East Greencastle, PA 17225 Matthew S. Hurley Lic. PA-AU0033413L WV-1830 * MD * FL-AU4597 R. Eugene Hurley PA Lic. AU003793L 717-597-9100 301-733-3330 866-424-3337